Post
Topic
Board Exchanges
Merits 2 from 1 user
Re: [ANN] Bittrex - Next generation exchange (btc/ltc/eac/ppc/rdd/ftc/and more)
by
Big Naturals
on 04/03/2018, 01:52:16 UTC
⭐ Merited by lite (2)
Are bittrex admins in jail yet?  Are they being sued yet?  Has anything been done about them just randomly deciding to lock a bunch of peoples' money from them?  I'm guessing no.

Don't give this scam exchange your money if you're new and reading this, there are far better exchanges to use.  Find them.

Maybe you have some personal bad experiences from them but I really don't understand where're you getting this. Would you mind to give out some information/proof regarding your claim? Or is this related to the issue with people being locked out of their exchange and can't come back due to their long verification process?

If I remember it correctly, I got verified in their exchange within 2 days by just submitting the necessary documents needed. Never had any problem with them (deposit/withdrawals) and I'm still using this exchange up to now.

There have been literally thousands of complaints of bittrex locking accounts for the last 9-12 months. I see two basic types:

1- people from 'banned' countries like Cuba, Iran, Syria
2- legacy account holders from before the KYC era

In both cases many thousands of users were using bittrex for a long time without problems, and bittrex was gladly letting them, and collecting fees. Then WITHOUT WARNING, these users had their accounts locked without any grace period to withdraw their funds.

Bittrex could have announced their change in policy and let people withdraw before the new terms of service were introduced, but they chose to freeze accounts without warning. We can speculate why, maybe they plan to keep these users funds, maybe they were presurred by someone to do this ... who knows, but the facts are clear for all to see.

In my case I am in category 2- above, and I have +20k USD frozen unless I upload KYC data to these people, even though the original terms of service never required this when I first opened my account.

Eventually the operators of Bittrex will pay for what they have done, Karma always catches up.